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| Quote ="vbfg"I can now reveal that my offer of 5,000 silver milk bottle tops has unfortunately been rejected and I wish the successful candidates every success in their endeavours.'"
I trumped that with my offer of 5,000 Euromillions tickets, my offer to pay the milkman creditor, and details of Whitcu*t's current address.
Apparently that was not enough either. Can't imagine what more I could have offered? |
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3 million pound in sky money we have been done for Adey? I know we were not getting some of it but is it that much really?
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| Quote ="Bulls4Champs"3 million pound in sky money we have been done for Adey? I know we were not getting some of it but is it that much really?'"
It was a full season's Sky money. Just over £1.3m , I think. that is £2/3 million (two thirds) over each of two seasons. |
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I think Lamb's involvement has been positive. It can't be said this was a stitch up and by virtue of Watt, Calvert and Moore making the highest offer they've provided the greatest commitment to pay the creditors. The ownership of the club is resolved. End of.
If we get a points deduction there was enough to suggest last night that with additions to the squad we're comfortably 4 or 6 points better than Wakefield over a season.
Onwards and upwards.
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This was just unnecessary and counterproductive scaremongering.
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Whatever the reason for Lamb’s involvement the club ending up with the current directors is a positive as I see it as they’re well aware of the task in hand and know what it’ll take to get the club on the right track.
Whatever the RFL decide on points deduction we now at least know who’s in charge. Whether they prove to be any good we’ve yet to find out.
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| Stop pretending you don't know it's zero points deduction 
Also, do we really think our new owners will sign up to 2 years on half money? Can't see it at all, myself. Is there anyone on here that would, if you were them? I don't see how you can do it, even if properly managed, and survive. |
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| Quote ="Adeybull"It was a full season's Sky money. Just over £1.3m , I think. that is £2/3 million (two thirds) over each of two seasons.'"
Sadly, it wasn't. It was I think [iintended[/i to be that, but went down as we would get half the distribution that other clubs got in each of the 2013 and 2014 seasons.
Leaving aside that we were shortchanged on the deal, (as I've previously explained) the other unforeseen was that in 2014 the distribution would change. If it had been a full season's distribution, that would not matter, as the amount would have been set in stone. But had we still been alive, we would this year have lost our share of the extra distribution too. |
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I hope it's zero points deduction. Just to see the Wakey board implode.
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Someone at the RFL told me they were going to ADD us six points.
Apparently this is to recognise the ongoing financial penalty with the Sky money, and us being handed the only totally inequitable tie at tragic Weekend.
Seems the RFL took on board the Wakefield Supporters' Trust's demands for all clubs to be treated fairly and equitably after all...?
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But Wakefield still had an unfair draw for the 1st round of this season didn’t they? What was it they were claiming on their board – that they always get hard games at the start of the season because the RFL want the other teams to get off to a good start? Surely each team in SL should be docked 6 points to make up for that right?
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I think the argument was that other teams got an unfair advantage because they all got to play Wakefield whereas Wakefield didn't. A subtle but important distinction.
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| Quote ="vbfg"I think the argument was that other teams got an unfair advantage because they all got to play Wakefield whereas Wakefield didn't. A subtle but important distinction.'"
Are you suggesting Wakefield fans wanted the opportunity to play with themselves? |
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Well Guys and Lasses, Adey explained about Administration. I can understand the RFL being dismayed about liquidation but the point of Administration is to improve the club (company) and to find buyers that will enhance the business. It is not unusual for a business to enter voluntary. The point to revalue and consider different investment opportunities.
It is a pointless exercise to punish an entity that is clearly enterprising in its motives.
As for the Sky money deduction. I just do not get that at all. Is there more to that than what's seen to be staged? I wonder?
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| Quote ="miketaurus"Well Guys and Lasses, Adey explained about Administration. I can understand the RFL being dismayed about liquidation but the point of Administration is to improve the club (company) and to find buyers that will enhance the business. It is not unusual for a business to enter voluntary. The point to revalue and consider different investment opportunities.
It is a pointless exercise to punish an entity that is clearly enterprising in its motives.
As for the Sky money deduction. I just do not get that at all. Is there more to that than what's seen to be staged? I wonder?'"
I don't get it either.
Surely SL wants the Bulls to succeed; so why make it difficult for them by financially penalising them. I couldn't see any other SL team surviving 3 years on 50% Sky cash?
I don't know if I'm correct but the other clubs voted for the 50% deduction last time; if so shame on them.
Did the other greedy clubs share the withheld money or did it go to the RFL who have no right to it anyway?
The directors of the club will be asked to put forward a viable business plan to the RFL which is clearly impossible with a 50% sky cash penalty as has already been shown under the Khan regime.
Additionally, they need to put real share capital into the club this time, not mickey mouse directors' loans.
Anyway good to all, SL needs the Bulls. |
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| Quote ="saint at wire"I don't get it either.
Surely SL wants the Bulls to succeed; so why make it difficult for them by financially penalising them. I couldn't see any other SL team surviving 3 years on 50% Sky cash?
I don't know if I'm correct but the other clubs voted for the 50% deduction last time; if so shame on them.
Did the other greedy clubs share the withheld money or did it go to the RFL who have no right to it anyway?
The directors of the club will be asked to put forward a viable business plan to the RFL which is clearly impossible with a 50% sky cash penalty as has already been shown under the Khan regime.
Additionally, they need to put real share capital into the club this time, not mickey mouse directors' loans.
Anyway good to all, SL needs the Bulls.'"
This. In it's entirety. You can come again! |
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| Quote ="saint at wire"I don't get it either.
Surely SL wants the Bulls to succeed; so why make it difficult for them by financially penalising them. I couldn't see any other SL team surviving 3 years on 50% Sky cash?
I don't know if I'm correct but the other clubs voted for the 50% deduction last time; if so shame on them.
Did the other greedy clubs share the withheld money or did it go to the RFL who have no right to it anyway?
The directors of the club will be asked to put forward a viable business plan to the RFL which is clearly impossible with a 50% sky cash penalty as has already been shown under the Khan regime.
Additionally, they need to put real share capital into the club this time, not mickey mouse directors' loans.
Anyway good to all, SL needs the Bulls.'"
I would like another question answered. What are the real motives reference the RFL . I mean why have Mr Khan it just does not make sense, is that just deflection from other policies. using a fashionable word these days from computer speak "obfuscate" If I were a policeman I would be smelling a rat. |
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This paragraph from Sporting Life www.sportinglife.com/rugby-leagu ... /9177771/-
The RFL board of directors are expected to hold deliberations over the weekend and are likely to impose a second points deduction in two years.
Bradford were given the maximum six-point deduction in 2012 for a breach of RFL insolvency regulations, whereas Wakefield and Crusaders were both docked four points for going into administration after agreeing to pay off most of the creditors
Looks like it could be 4 points despite what FA has been saying. |
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This paragraph from Sporting Life www.sportinglife.com/rugby-leagu ... /9177771/-
The RFL board of directors are expected to hold deliberations over the weekend and are likely to impose a second points deduction in two years.
Bradford were given the maximum six-point deduction in 2012 for a breach of RFL insolvency regulations, whereas Wakefield and Crusaders were both docked four points for going into administration after agreeing to pay off most of the creditors
Looks like it could be 4 points despite what FA has been saying. | |
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Quote ="Blotto"This paragraph from Sporting Life www.sportinglife.com/rugby-leagu ... /9177771/-
The RFL board of directors are expected to hold deliberations over the weekend and are likely to impose a second points deduction in two years.
Bradford were given the maximum six-point deduction in 2012 for a breach of RFL insolvency regulations, whereas Wakefield and Crusaders were both docked four points for going into administration after agreeing to pay off most of the creditors
Looks like it could be 4 points despite what FA has been saying.'"
I believe it will be zero points if we have agreed with the RFL to pay off the old company's creditors but that we will lose points if we don't pay them. I believe an indication to that effect had been given to the club, but they shouldn't have made it public. However I don't think it was made up. It was soon pulled from the website. I can well understand if the RFL were really hacked off when they read that, but hard to judge what difference that would make.
FWIW whilst I obviously don't want us to face any points deduction, if all the creditors end up being stuffed then I couldn't and wouldn't argue against a points deduction. If I were the new owners, I'd be looking to do deals to repay those creditors if that is the price of no points deduction, but I also believe that IF the new owners face the same 50% distribution penalty as well, then it will simply be impossible to both stand that, pay off old creditors, and run a viable SL business. |
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Quote ="Blotto"This paragraph from Sporting Life www.sportinglife.com/rugby-leagu ... /9177771/-
The RFL board of directors are expected to hold deliberations over the weekend and are likely to impose a second points deduction in two years.
Bradford were given the maximum six-point deduction in 2012 for a breach of RFL insolvency regulations, whereas Wakefield and Crusaders were both docked four points for going into administration after agreeing to pay off most of the creditors
Looks like it could be 4 points despite what FA has been saying.'"
I believe it will be zero points if we have agreed with the RFL to pay off the old company's creditors but that we will lose points if we don't pay them. I believe an indication to that effect had been given to the club, but they shouldn't have made it public. However I don't think it was made up. It was soon pulled from the website. I can well understand if the RFL were really hacked off when they read that, but hard to judge what difference that would make.
FWIW whilst I obviously don't want us to face any points deduction, if all the creditors end up being stuffed then I couldn't and wouldn't argue against a points deduction. If I were the new owners, I'd be looking to do deals to repay those creditors if that is the price of no points deduction, but I also believe that IF the new owners face the same 50% distribution penalty as well, then it will simply be impossible to both stand that, pay off old creditors, and run a viable SL business. | |
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| Quote ="Ferocious Aardvark"I believe it will be zero points if we have agreed with the RFL to pay off the old company's creditors but that we will lose points if we don't pay them. I believe an indication to that effect had been given to the club, but they shouldn't have made it public. However I don't think it was made up. It was soon pulled from the website. I can well understand if the RFL were really hacked off when they read that, but hard to judge what difference that would make.
FWIW whilst I obviously don't want us to face any points deduction, if all the creditors end up being stuffed then I couldn't and wouldn't argue against a points deduction. If I were the new owners, I'd be looking to do deals to repay those creditors if that is the price of no points deduction, but I also believe that IF the new owners face the same 50% distribution penalty as well, then it will simply be impossible to both stand that, pay off old creditors, and run a viable SL business.'"
Exactly so why would the RFL do it? |
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| Quote ="Ferocious Aardvark"Sadly, it wasn't. It was I think [iintended[/i to be that, but went down as we would get half the distribution that other clubs got in each of the 2013 and 2014 seasons.
Leaving aside that we were shortchanged on the deal, (as I've previously explained) the other unforeseen was that in 2014 the distribution would change. If it had been a full season's distribution, that would not matter, as the amount would have been set in stone. But had we still been alive, we would this year have lost our share of the extra distribution too.'"
You have explained nothing other than your views are different from everyone elses. Solly explained it rather differently from you a couple of weeks ago, funnily enough in exactly the terms Adey has described it. One years money spread over two years. Not half the amount of other clubs. Put up some evidence - this is the second time I have asked - and I will happily say you are right. without any evidence your are in FAntasy land. |
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| Quote ="martinwildbull" Put up some evidence - this is the second time I have asked - and I will happily say you are right. without any evidence your are in FAntasy land.'"
I was thinking this thread could beat JVT. Now I am sure of it. |
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| Quote ="tigertot"I was thinking this thread could beat JVT. Now I am sure of it.'"
The one on the Virtual Terrace is better. It's currently annexing the Sudetenland. |
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Lamb attending the London game as a guest of Andrew Calvert.
Smart move.
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| Quote ="M@islebugs"Lamb attending the London game as a guest of Andrew Calvert.
Smart move.'"
I think that is excellent news,get him on board( wonder if he can play stand off) |
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